AM Developments and Lend Lease are among several developers vying to become Morley Fund Management’s partner on its 440,000 sq ft Southgate project in Bath.
Morley, advised by Strutt & Parker, is seeking a £275m investment, reflecting a 5.25% yield. Mills Corporation, Westfield, Multiplex and Hammerson have also been mooted as possible bidders.
References: EGi News 12/09/05
The site holds hybrid planning consent for 1,493 homes, 475 hotel beds and 31,000 sq ft of commercial space
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